News
CBRE Buys its Affiliate in Vietnam
CBRE Group has bought its affiliate company in Vietnam, which operates under the name CB Richard Ellis. The company has been its affiliate for 10 years and has a leading market share across most service lines in that country.
JLL Tapped for 190 KSF Leasing Assignment in New York
Jones Lang LaSalle was chosen by Brause Realty to tend to the tenant roster of 52 Vanderbilt, a Class A property in the heart of Midtown Manhattan.
Economy Watch: U.S. Economy Dragging, Texas Shows Some Pep; Mortgage Delinquencies Dropping
Two economic reports released by the Federal Reserve had mixed outlooks on the future of the national economy. Texas factory activity and manufacturing increased in September. Mortgage delinquencies continue to decrease month to month.
Veterans Haven: A Different Kind of Housing
Matthew Heslin has found a new way to make a difference: Providing housing for homeless veterans. He talks about what’s involved on CPE Radio.
Crowne Plaza Brand Returns to Tulsa
By Gabriel Circiog, Associate Editor The Crowne Plaza brand has returned to Tulsa with the conversion of a Hilton into the Crowne Plaza Tulsa – Southern Hills, Tulsa World reports. Located at 7902 S. Lewis Ave., across from Oral Roberts University, the 11-story hotel is already operating under the new name. The Crowne Plaza Tulsa […]
M&G Finalizes Land Purchase for PET, PTA Plants in Corpus Christi
Italy-based M&G Group has purchased land in Corpus Christi on which to build the world’s largest integrated polyethylene terephthalate (PET) plant.
$52M Student Housing Project Given Name: Roosevelt Point
A $52 million student housing project in downtown Phoenix got two major boosts a week ago. Six months after it broke ground, the project finally has a name: Roosevelt Point.
Washington Trust Provides $4.8M Financing for Historic Property
The Washington Trust’s commercial real estate group recently provided $4.8 million in commercial mortgage financing to Emanon Associations L.P. The funds will be used to refinance, capitalize and improve The Gardner Building in Providence. Located at 40 Fountain St., the eight-story, 75,000-square-foot office property has been owned by Emanon Associations for more than 20 years. “The Gardner Building is located in an area of Providence, R.I., that’s currently being revitalized, which is a nice story for our capital city,” said Joseph MarcAurele, Washington Trust’s chairman, president & CEO.
FelCor Sheds Two Properties for $70M
FelCor Lodging Trust Inc. has entered into an agreement to sell two properties for the combined price of $70 million